Polyacetal (POM) also known as polyoxymethylene, exhibits good low temperature impact resistance, high dimensional stability, favorable frictional properties, low water absorption, good mechanical strength and abrasion resistance.
April 10, 2018 /MarketersMedia/ —
This market study describes the Global POM market, with focus on major countries and their subsequent demand for different applications. POM demand patterns are dramatically different between various regions and countries. In the areas with mature economies, demand growth for POM is expected to fall well below global averages primarily due to the geographic shift of many manufacturing industries (such as the automotive and electrical & electronics industry) to areas of lower labor costs such as China and India.
The major players in the POM market are: DuPont, Celanese Corporation, Polyplastics, Mitsubishi- Engineering Plastics, Kolon Plastics, Korea Engineering Plastics, BASF, Yunnan Yuntianhua Co., Ltd. and Asahi Kasei. Other manufacturers of POM include LG Chemical, Formosa Plastics Corp and Zaklady Azotowe Tarnowe.
Applications:
Automotive, Interior, Exterior, Under-the-bonnet, Electrical & Electronics, Industrial, Consumer & Home appliances, Food Contact, Sporting goods, Medical, Others
The study covers demand-supply analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Netherlands, Belgium, Austria, Russia, Poland, Czech Republic, Hungary, Slovenia, Slovakia, Romania, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Singapore, Taiwan, Indonesia, and Saudi Arabia.
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Executive Summary –
Global POM capacities in 2016 stood at 1863 kilo tons with over two third of the capacity located in Asia and Europe. Since 2005, less than 825 kilo tons of new capacity have been added, largely in Asia with an increment of 77 kilo tons capacity per year, the installed capacity grew by almost 9.3% per year. POM capacities are slated to increase globally from 1863 kilo tons in 2016 to 2172 kilo tons by 2025 resulting in an average of 1.7% growth in capacity every year.
Major new POM capacities will be on-stream by 2020-2025, with over 30 kilo tons of capacity being added each year till 2025. During this period around most of the capacity additions will be in China while around 20 - 30 kilo tons will be in Western Europe. Historically the average utilization rates from 2005 to 2016 have been over 70% which witnessed a decline in 2009 following onset of global economic recessionary trend. The decline in POM demand has affected the operating rates worldwide, and utilization is likely to fall further to 68% during 2017-2018 with recovery in utilization starting post 2018.
The primary driver for the growth in demand of POM in Asia has been the migration of labor intensive downstream conversion industries from developed high labor cost regions like North America and Western Europe, apart from burgeoning population growth and increasing living standards, both of which are driving growth in domestic demand for consumer products also. The strong growth in Automotive, electrical & electronic and Consumer appliances is likely to push the demand growth.
Polyacetal (POM) also known as polyoxymethylene, exhibits good low temperature impact resistance, high dimensional stability, favorable frictional properties, low water absorption, good mechanical strength and abrasion resistance. Commercially polyacetals are available in two grades; Homopolymer (POM-H) and Copolymer (POM-C). Copolymers offer better chemical properties whereas homopolymers have better physical properties. Globally the POM market is witnessing growth on account of increasing applications and growing demand in Asia-Pacific and other developing regions. POM is gradually replacing other engineering plastics in variety of applications.
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The report covers the following topics:
- POM Market data in term of volume and value for each end-use at regional and country level
- POM Market analysis for production, capacity, demand, supply, trade, and utilization rates at regional and country level
- Trade balance and target markets for current situation, new expansions or new projects
- Business opportunity assessment
- Macro-economic factors like GDP, population and world economic integration
- Strategic issues and recommendations
- Company profiles and key company volume sales by region
- Strategic recommendations for vendors, and industry stakeholders
- Market analysis and forecasts from 2005 till 2025
The report has the following key findings:
The global POM demand in 2016 was estimated to be over 1200 kilo tons which has grown at an aggregate rate of 4% per annum between 2005 and 2016.
Utilization rates for POM globally averaged nearly at about 73% between 2005 and 2016. The utilization rates peaked to 87% in 2007 before declining to 71% in 2009 mainly due to decline in demand as well as a result of new production capacities coming on-stream.
The demand for POM was affected in 2008-2009 with market contracting by an average of 4.6%, however, the demand recovered steadily after that and reached its pre-recession level by 2010.
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Source: MarketersMedia
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